The top executive at EMC Corp. expects there's a "sea change" coming that will wipe out some big technology companies but create opportunities for the survivors.
The current recession is far worse than the dot-com bust that hurt sales at EMC and other companies, CEO Joe Tucci told Bloomberg News.
"When you have a sea change, it never goes back to the way it was,” Tucci told Bloomberg. “I would predict that if you look at the major players now, six years from now there is a change to that list. More than one will surf it well and more than one will not surf it well. My job is just very, very simple: Surf it well.”
On Thursday, the Massachusetts company announced plans to expand its Triangle operations and add 397 high-paying jobs in Durham, Research Triangle Park and Apex. EMC was lured partly by the promise of state and local incentives worth more than $8 million if it meets its hiring goals. The company already employs more than 900 in North Carolina, mostly in the Triangle.